Looking to diversify beyond YAFFX? The mutual funds below have historically moved differently from YAFFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for YAFFX
46 mutual funds have low correlation with YAFFX (below 0.3), 3 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.07, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.07 | 0.38 | 0.56 | 58 | Quality Factor, Large Cap Value Equities | YAFFX vs GQHPX | |
| Federated Hermes Equity Income Fund | -0.07 | 0.34 | 0.60 | 68 | Dividend, Large Cap Value Equities | YAFFX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | -0.02 | 0.36 | 0.54 | 95 | Large Cap Value Equities | YAFFX vs SVAIX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.01 | 0.37 | 0.55 | 94 | Dividend | YAFFX vs SVAAX | |
| Voya Corporate Leaders Trust Fund | 0.08 | 0.44 | 0.59 | 94 | Large Cap Value Equities | YAFFX vs LEXCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YAFFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.04, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.04 | 0.29 | 0.48 | 61 | Financial Services | |
| Apple Inc | 0.15 | 0.30 | 0.45 | 90 | Technology | |
| Amazon.com, Inc | 0.21 | 0.30 | 0.43 | 72 | Consumer Cyclical | |
| Albemarle Corporation | 0.23 | 0.38 | 0.46 | 78 | Basic Materials | |
| Hycroft Mining Holding Corporation | 0.26 | 0.24 | 0.26 | 97 | Basic Materials |
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